SAP SE (NYSE:SAP) Shares Purchased by WCM Investment Management LLC

WCM Investment Management LLC increased its position in shares of SAP SE (NYSE:SAP - Free Report) by 5.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,229,086 shares of the software maker's stock after acquiring an additional 63,538 shares during the period. WCM Investment Management LLC owned about 0.10% of SAP worth $329,395,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. TD Asset Management Inc. raised its position in SAP by 125.0% in the 4th quarter. TD Asset Management Inc. now owns 1,602,548 shares of the software maker's stock valued at $394,563,000 after purchasing an additional 890,157 shares in the last quarter. Northern Trust Corp raised its position in shares of SAP by 91.2% during the 4th quarter. Northern Trust Corp now owns 1,471,798 shares of the software maker's stock worth $362,371,000 after acquiring an additional 701,880 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of SAP by 145.5% during the 4th quarter. JPMorgan Chase & Co. now owns 1,346,506 shares of the software maker's stock worth $331,523,000 after acquiring an additional 798,037 shares in the last quarter. Bank of America Corp DE raised its position in shares of SAP by 5.7% during the 4th quarter. Bank of America Corp DE now owns 1,314,814 shares of the software maker's stock worth $323,720,000 after acquiring an additional 70,613 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of SAP by 31,239.5% during the 1st quarter. GAMMA Investing LLC now owns 1,306,229 shares of the software maker's stock worth $350,644,000 after acquiring an additional 1,302,061 shares in the last quarter.

SAP Price Performance

SAP traded up $4.69 during trading on Thursday, reaching $302.85. 626,660 shares of the stock were exchanged, compared to its average volume of 1,077,691. The business's 50 day moving average price is $296.54 and its two-hundred day moving average price is $276.56. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.17 and a quick ratio of 1.17. The company has a market capitalization of $372.05 billion, a price-to-earnings ratio of 58.06, a P/E/G ratio of 4.27 and a beta of 1.30. SAP SE has a 1 year low of $194.93 and a 1 year high of $311.40.

SAP (NYSE:SAP - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The software maker reported $1.51 EPS for the quarter, topping analysts' consensus estimates of $1.39 by $0.12. SAP had a return on equity of 13.66% and a net margin of 16.33%. The company had revenue of $10.35 billion for the quarter, compared to the consensus estimate of $9.08 billion. As a group, equities research analysts anticipate that SAP SE will post 6.55 earnings per share for the current year.

SAP Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Friday, May 23rd. Stockholders of record on Tuesday, May 13th were given a $2.5423 dividend. This is an increase from SAP's previous annual dividend of $2.39. This represents a dividend yield of 0.8%. The ex-dividend date was Tuesday, May 13th. SAP's dividend payout ratio is currently 35.25%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. BMO Capital Markets raised their target price on SAP from $320.00 to $330.00 and gave the stock an "outperform" rating in a research report on Friday, May 23rd. Wells Fargo & Company began coverage on SAP in a research report on Tuesday, May 20th. They set an "overweight" rating on the stock. Argus reaffirmed a "buy" rating and set a $320.00 price target on shares of SAP in a research report on Tuesday, April 29th. Barclays reaffirmed an "overweight" rating and set a $308.00 price target (up previously from $286.00) on shares of SAP in a research report on Thursday, April 24th. Finally, Wall Street Zen upgraded SAP from a "hold" rating to a "buy" rating in a research note on Sunday. Eleven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, SAP presently has an average rating of "Buy" and a consensus price target of $271.83.

About SAP

SAP SE, together with its subsidiaries, provides applications, technology, and services worldwide. It offers SAP S/4HANA that provides software capabilities for finance, risk and project management, procurement, manufacturing, supply chain and asset management, and research and development; SAP SuccessFactors solutions for human resources, including HR and payroll, talent and employee experience management, and people and workforce analytics; and spend management solutions that covers direct and indirect spend, travel and expense, and external workforce management.